Crypto Strategist Predicts Breakout Rallies to New All-Time Highs for Bitcoin (BTC) – But There’s a Catch

A closely followed crypto analyst is predicting that Bitcoin (BTC) is on the verge of printing new all-time highs.

Analyst and trader Kevin Svenson tells his 161,300 followers on the social media platform X that Bitcoin may explode to new record high levels based on breakout patterns since April.

“Bitcoin breakout (four-hour). Now that we’ve broken out of the consolidation, we have an official measured move target. Target: $115,000.”

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Source: Kevin Svenson/X

However, Svenson tells his 82,800 YouTube subscribers that for Bitcoin’s upward momentum to continue, the S&P 500 (SPX) needs to remain bullish based on BTC’s historic correlation with stocks.

“Bitcoin, in my opinion, looks really, really good, even with the…

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